5 Best Metaverse Stocks to Buy

In this article, we will be taking a look at the 5 best metaverse stocks to buy. To read our detailed analysis of these stocks and the rise of the metaverse, you can go directly to see the 11 Best Metaverse Stocks to Buy.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor company providing graphics and compute and networking solutions. Last year, it launched NVIDIA Omniverse, a new platform for virtual collaboration and simulation as part of its efforts to connect with the growing metaverse. The company operates in the US, Taiwan, China, and internationally.

A Hold rating was reiterated on shares of NVIDIA Corporation (NASDAQ:NVDA) on October 18 by analyst Ross Seymore at Deutsche Bank. The analyst also placed a $140 price target on the stock.

This October, NVIDIA Corporation (NASDAQ:NVDA) jumped by 6% and led semiconductor stocks further up in the market. The rise came in light of investors’ worries being eased by fiscal policies arising out of Britain and Broadcom asking the European Union for early approval of the VMware acquisition.

Out of 895 hedge funds tracked in the second quarter, 84 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA). Their total stake value was $3.3 billion.